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Eveready said in its exchange filing that the company is in the process of taking appropriate action as required, based on advice from its legal counsel
Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago
Promoters hope to ring-fence long-term interests of the firm via this partnership
Sources said the hearing on this matter will come up next month
Pradip Bhar, a cost accountant by profession, who was associated with WMG for over 31 years, has taken charge as the firm's new CFO
WMG, which has varied interests in FMCG, appliances, tea and other segments under different companies will have voting rights